US banking groups plan nationwide blockchain network for 2027
Thirty-nine US state banking associations have formed the BankChain Alliance to build a nationwide, industry-owned blockchain network for banks, targeting a 2027 launch. On Tuesday, the alliance announced that the network intends to support smart payment tools, tokenized deposits, stablecoins and automated settlement.
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Key Facts
- Fact 1: Thirty-nine US state banking associations have formed the BankChain Alliance to build a nationwide, industry-owned blockchain network for banks, targeting a 2027 launch.
- Fact 2: BankChain joins several US bank-led networks announced or advanced since late 2025, spanning major, regional and community lenders building shared infrastructure for moving deposits and payments onchain within the regulated banking system.
- Fact 3: Related: World Liberty Financial launches USD1 natively on Canton Network Regional lenders are pursuing a separate network through Cari, which was developed with Huntington, First Horizon, M&T Bank, KeyBank and Old National.
- Fact 4: Cari launched a minimum viable product in March and had attracted more than 30 participating banks by July.
Thirty-nine US state banking associations have formed the BankChain Alliance to build a nationwide, industry-owned blockchain network for banks, targeting a 2027 launch. On Tuesday, the alliance announced that the network intends to support smart payment tools, tokenized deposits, stablecoins and automated settlement.
BankChain said it plans for the network to be interoperable with other blockchains and said it was selecting a technology partner. The participating associations represent thousands of financial institutions across the US. BankChain said it will invite banks nationwide to take ownership of stakes.
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Original source: Cointelegraph
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